The Latest Mortgage News

How Divorce Affects Mortgage Responsibilities: What Changes, Who is Responsible, and More

June 27, 2024 Mortagage Tips Comments Off on How Divorce Affects Mortgage Responsibilities: What Changes, Who is Responsible, and More

Divorce is a challenging life event that can significantly impact various aspects of your financial life, including your mortgage responsibilities. When couples decide to part ways, the fate of the family home and the associated mortgage often becomes a complex issue that requires careful consideration.

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Can Closing Costs Be Included in Your Loan? Here’s What You Need to Know

June 25, 2024 Mortgage Comments Off on Can Closing Costs Be Included in Your Loan? Here’s What You Need to Know

When buying a home, many people are aware of the down payment but often overlook the additional costs that come with closing the deal. These expenses, known as closing costs, can sometimes catch buyers off guard. The good news is that, in certain circumstances, closing costs can be included in your loan.

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What’s Ahead For Mortgage Rates This Week – June 24th, 2024

June 24, 2024 Financial Reports Comments Off on What’s Ahead For Mortgage Rates This Week – June 24th, 2024

Currently, the Retail Sales Report is the sole report that has weight. With the passage of more optimistic inflation data reports, retail sales coming in slightly under expectations will have little to no bearing on the overall outlook. Given the last major reports indicating the economy’s health and state of inflation, there is more optimism toward a potential rate cut this year. Lending partners have still been quick to continue cutting rates.

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